Regency Capital Management Inc. DE Acquires Shares of 14,140 Equinor ASA $EQNR

Regency Capital Management Inc. DE bought a new stake in Equinor ASA (NYSE:EQNR) during the 1st quarter, HoldingsChannel reports. The fund bought 14,140 shares of the company’s stock, valued at approximately $597,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in Equinor ASA by 26.6% in the 1st quarter. Bank of New York Mellon Corp now owns 30,394 shares of the company’s stock worth $1,283,000 after purchasing an additional 6,384 shares during the period. Nolet Wealth Management LLC purchased a new position in shares of Equinor ASA during the first quarter valued at approximately $204,000. Sanctuary Advisors LLC purchased a new position in shares of Equinor ASA during the first quarter valued at approximately $541,000. AMG National Trust Bank bought a new position in shares of Equinor ASA during the first quarter valued at approximately $377,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Equinor ASA during the first quarter valued at approximately $258,000. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EQNR shares. TD Cowen reduced their price target on Equinor ASA from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, June 29th. Weiss Ratings upgraded Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th. Finally, Rothschild & Co Redburn raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.70.

Equinor ASA Stock Down 0.7%

Shares of NYSE:EQNR opened at $35.92 on Thursday. Equinor ASA has a 52-week low of $22.26 and a 52-week high of $43.46. The stock has a market cap of $105.78 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.37 and a beta of 0.06. The business’s 50 day moving average is $35.64 and its 200 day moving average is $33.30. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%.The business had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. Sell-side analysts predict that Equinor ASA will post 4.75 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. Equinor ASA’s dividend payout ratio (DPR) is currently 58.72%.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.